Search found 23641 matches

by Taylor Larimore
Sun Jul 15, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: turnover rate impact on return
Replies: 13
Views: 775

Re: turnover rate impact on return

taylor thanks for the reply with that knowledge in mind, would you consider the small value index fund VSIIX to be a no-no for the individual investment account? reserve its use for retirement accounts only omerthegrouch: Most of us are tempted to add funds that we think will "beat the market." Sto...
by Taylor Larimore
Sun Jul 15, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: turnover rate impact on return
Replies: 13
Views: 775

Re: turnover rate impact on return

I am reading the bogleheads guide to investment, they mention in one chapter how the transaction cost associated with funds that have high turnover rate can really eat away at the return. So I have recently have been looking at vanguard small value index fund, has a return around 15 percent with a ...
by Taylor Larimore
Sun Jul 15, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX vs. Fidelity Freedom Index Fund
Replies: 11
Views: 1395

Re: VTSAX vs. Fidelity Freedom Index Fund

Thank you all so much for your kind advice which was super helpful. Regarding the 3-fund portfolio with Vanguard.. I understand the recommendation of the following funds from https://www.bogleheads.org/wiki/Three-fund_portfolio. I understand that I can skip the bond market fund VBMFX for now as I a...
by Taylor Larimore
Sat Jul 14, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1368448

"Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio"

Bogleheads: Mel Lindauer started a topic conversation about my new book, The Bogleheads' Guide to The Three-Fund Portfolio. I wrote the book, in part, because of the popularity of this Conversation. The book contains many of your endorsements for which I am very grateful. Please make your posts abou...
by Taylor Larimore
Sat Jul 14, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 187
Views: 29165

Review by "Four Pillar Freedom"

Bogleheads: Zach, editor of "Four Pillar Freedom," sent me a copy of his latest newsletter in which he did a review of The Bogleheads' Guide to the Three-Fund Portfolio. I appreciate the review. This is his ending: I highly recommend checking out the book yourself. It’s only about 60 pages and packe...
by Taylor Larimore
Fri Jul 13, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Look Past Expense Ratios
Replies: 71
Views: 5871

"Look Past Expense Ratios" Dangerous Advice

Bogleheads:

"Look Past Expense Ratios" can be dangerous:
United States Securities and Exchange Commission: "Independent studies show (low) fees and expenses can be a reliable predictor of mutual fund performance."
Best wishes.
Taylor
by Taylor Larimore
Fri Jul 13, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Portfolio
Replies: 11
Views: 1166

Re: Bond Portfolio

SlowMovingInvestor: In my opinion, ANY good quality short- or intermediate term bond fund will do the job of providing relative safety for your portfolio. I use Vanguard Total Bond Market Index Fund for its low-cost and great diversification (the only free lunch in investing). lt's worst annual retu...
by Taylor Larimore
Fri Jul 13, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Morgan Stanley Wealth Management
Replies: 8
Views: 967

Morgan Stanley Wealth Management

Bogleheads: Several years ago I accompanied a wealthy investor who was invited to be a customer in Morgan Stanley Wealth Management Service. We enjoyed a nice lunch and persuasive marketing by two Bank officers. Fortunately my friend decided to use Vanguard's Personal Advisor Services which recommen...
by Taylor Larimore
Fri Jul 13, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 187
Views: 29165

"A Review Of The Bogleheads’ Guide To The Three-Fund Portfolio"

Bogleheads: I was pleased to read a nice review from "The Wall Street Physician" with this Conclusion: This book is perfect for the busy professional or novice investor who wants to get started with do-it-yourself investing using the three-fund portfolio. Experienced investors or regular Bogleheads ...
by Taylor Larimore
Fri Jul 13, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Taylor's 3[-Fund Book mentioned] on M* again today
Replies: 3
Views: 547

The Three-Fund Portfolio

Bogleheads:

I enjoyed Mr. Rekenthaler's analysis as much as anyone else.

Lots to learn about Diversification, Asset-Allocation, Rebalancing, and Simplicity.

This is the link to The Three-Fund Portfolio and its many benefits.

Best wishes
Taylor
by Taylor Larimore
Thu Jul 12, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Bounced check
Replies: 27
Views: 2713

Re: Bounced check

Thanks for any suggestions that you can offer.
student:

Consider just one checking account. Do you really need a second checking account just for taxes?
Henry David Thoreau: "Simplify. Simplify. Our life is frittered away with detail."
Best wishes
Taylor
by Taylor Larimore
Thu Jul 12, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10119

Re: COMING SOON: BOGLEHEADS PODCASTS

Hi Everyone: I'm thrilled to announce that The Bogle Center for Financial Literacy will be sponsoring an ongoing series of podcasts, hosted by Boglehead author, Rick Ferri. Rick's podcasts, which are scheduled to start in September, will feature some well-known figures in the investment world. Stay...
by Taylor Larimore
Thu Jul 12, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Look Past Expense Ratios
Replies: 71
Views: 5871

Re: Larry Swedroe: Look Past Expense Ratios

Using the regression tool available at Portfolio Visualizer enables us to see the factor loadings of the three funds (which shows how much exposure each has to the size and value factors). Data is from September 2011 (inception of BOSVX) through April 2018. Fund----Size--Value BOSVX --0.90--0.68 DF...
by Taylor Larimore
Thu Jul 12, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10119

Re: COMING SOON: BOGLEHEADS PODCASTS

Mel:

"Podcast --The Boglehead Investor"

Best wishes
Taylor
by Taylor Larimore
Thu Jul 12, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10119

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads: I will be happy to send the winner of the Podcast naming contest an autographed copy of my new book: "The Bogleheads' Guide to The Three-Fund Portfolio." In the case of ties, the first Boglehead to suggest the winning name will get the book. The Podcast will be an excellent addition to T...
by Taylor Larimore
Wed Jul 11, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 187
Views: 29165

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Bogleheads: Nice article by Mike Piper, editor of The Oblivious Investor Taylor Larimore — nonagenarian, World War II vet, and co-author of the Bogleheads’ Guide books — recently released a new book: The Bogleheads’ Guide to the Three-Fund Portfolio. The “three-fund portfolio” (subject of a long-run...
by Taylor Larimore
Wed Jul 11, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4434

Re: Target date funds....unsophisticated?

Am I being a “unsophisticated” investor by choosing to fund Roth’s with target date funds? ANKLEDEEP: When you invest in a Vanguard target date fund, designed by company experts, with Morningstar's highest Gold rating, you are invested in a fund that is as "sophisticated" as it gets. Best wishes Ta...
by Taylor Larimore
Wed Jul 11, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 8212

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

So Taylor, do you still view a historic 30%+ decline in purchasing power in a few years as indicative of a 'safe' asset like bonds? Or do you mean 'safe' as purely relative to stocks? willthrill81: I mean bond risk of decline relative to stock risk of decline: From 1926 through 2017, high-grade bon...
by Taylor Larimore
Wed Jul 11, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 8212

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

triceratop wrote: Why do you quote bond returns in nominal terms when your data allows you to compute bond returns in real terms? I see a 10% real loss in bonds in a single year. That is significantly more loss than -2.6%. triceratop: I quoted bond returns the way stock and bond returns are usually ...
by Taylor Larimore
Wed Jul 11, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning from bond funds as retirement approaches?...
Replies: 6
Views: 918

Re: Transitioning from bond funds as retirement approaches?...

Johnsson: No need to make this complicated. I simply put money that I cannot afford to lose into Total Bond Market whose worst annual loss was -2.66% in 1994 (TBM gained +16% in 1995). Any safe fixed income security that is liquid is acceptable. I put the rest into Vanguard 500 Index fund and I slee...
by Taylor Larimore
Tue Jul 10, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Market Timing - A fool's game?
Replies: 28
Views: 2122

Re: Market Timing - A fool's game?

Bogleheads: Market Timing? What experts say: Advisor Perspectives (8-8-2016): "The question is whether any of these (57) tactical allocation mutual funds have shown any ability to outperform a simple, passively managed 60/40 portfolio. The answer, at least for the last five years, is a resounding “n...
by Taylor Larimore
Tue Jul 10, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 187
Views: 29165

"The Wisdom of Elders:

Bogleheads:

I am very pleased to read this nice article written by Steve at the Evergreen Small Business Website:

The Wisdom of Elders: Bogleheads Three-Fund Portfolio

Thank you, Steve!

Taylor
by Taylor Larimore
Tue Jul 10, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 8212

"Bonds are for Safety" ?

Bogleheads: There are many different kinds of bonds. Some risky. Some safe. Vanguard's Total Bond Market Index Fund was started by Jack Bogle in December, 1986. It is a very diversified, high-quality, intermediate-term bond index fund that tracks Barclays US Aggregate Bond Index (formerly the Lehman...
by Taylor Larimore
Tue Jul 10, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on a simple investment strategy
Replies: 8
Views: 676

Re: Feedback on a simple investment strategy

krishman: Welcome to the Bogleheads Forum! Sorry, but your list includes funds based on past performance. This is what experts say about using past performance: American Association of Individual Investors: "Top Performance lists are dangerous." Frank Armstrong, financial author: "Rating services su...
by Taylor Larimore
Tue Jul 10, 2018 11:55 am
Forum: Forum Issues and Administration
Topic: Improving the Bogleheads forum
Replies: 112
Views: 13601

Re: Improving the Bogleheads forum

Administrators: My suggestion is to make it easier for new investors to post on the Bogleheads Forum. If you go to www.bogleheads.org, there are no instructions on how to post. The only weak clue is a link: "view subform list." I suggest adding: "To post and view subform list." Best wishes. Taylor
by Taylor Larimore
Tue Jul 10, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4343

International bonds in target funds?

Would Taylor and those counseling against any international bond allocation (a) consider this a deal-killer and suggest we look elsewhere; smectym: Adding international bonds in a target fund might actually be a good thing because it increases diversification without increasing a target's one-fund ...
by Taylor Larimore
Tue Jul 10, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4434

Re: Target date funds....unsophisticated?

Am I being a “unsophisticated” investor by choosing to fund Roth’s with target date funds? ANKLEDEEP: Target date funds are designed by mutual fund company experts. They are among the most "sophisticated" portfolios (in tax-advantaged accounts). Leonardo da Vinci: “Simplicity is the ultimate sophis...
by Taylor Larimore
Mon Jul 09, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 187
Views: 29165

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

I just finished reading Taylor's new book and all I can say is, it is one of the best out there. I also wrote a review on Amazon and it is worthy of every one of those 5 stars!! stemikger: Your review on Amazon is much appreciated! It is certain to increase the sales of the book. Every sale results...
by Taylor Larimore
Sun Jul 08, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Target Date Fund in Taxable Account. Thoughts?
Replies: 7
Views: 670

Re: Schwab Target Date Fund in Taxable Account. Thoughts?

Hi Bogleheads, I currently have my Roth IRA and 401(k) both fully funded for the year — both in Vanguard's 2050 Target Date Fund — and I'm now looking to invest additional savings in my taxable account. Currently have around 10K to invest off the bat, and was wondering if a Target Date Fund would b...
by Taylor Larimore
Sun Jul 08, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Recommendation
Replies: 18
Views: 1768

Re: Bond Recommendation

By reading this thread I realized that bond index funds are better suited to be in non taxable accounts such as 401k. I was thinking of adding VBMFX in my 401K, but the only Bond options i can see available to me there are: PIMCO Total Return Fund Institutional Class Vanguard Institutional Total Bo...
by Taylor Larimore
Sun Jul 08, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Small windfall for 71yo
Replies: 4
Views: 874

Target Funds

dstac:

A Vanguard Target Retirement Fund might be a good choice. Read about them here:

https://investor.vanguard.com/mutual-fu ... etirement/#/

Best wishes.
Taylor
by Taylor Larimore
Sun Jul 08, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4343

Re: Why 3-funds and not 4-funds or even 2-funds?

Really all you need is one good low cost balanced fund that you keep throwing money at. knightd: In my opinion balanced funds containing stocks and bonds may be fine in tax-advantaged accounts but they have disadvantages when the portfolio has taxable accounts. Here's why: * Balanced funds are tax-...
by Taylor Larimore
Sun Jul 08, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Why 3-funds and not 4-funds or even 2-funds?
Replies: 56
Views: 4343

Re: Why 3-funds and not 4-funds or even 2-funds?

Hi! I just devour The Bogleheads' Guide to the Three-Fund Portfolio and I have some questions. Why not 4-funds? If 3-funds uses US stocks + Int stock. Applying the same logic to bonds, I feel like there should be an international bond allocation. Why not 2-funds? I learned there is a Vanguard Total...
by Taylor Larimore
Sun Jul 08, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: "15 Things You Didn't Know About Vanguard Group"
Replies: 13
Views: 3483

"15 Things You Didn't Know About Vanguard Group"

Bogleheads:

Interesting video showing the inner-workings of Vanguard and how Jack Bogle has saved trillions of dollars for investors.

15 Things You Didn't Know About Vanguard Group

Best wishes
Taylor
by Taylor Larimore
Sat Jul 07, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3203

Serious Business

Anyone try to shoot for the fences with a small % of their portfolio? I’m always thinking of placing some high risk high reward bets that will make a difference, not just give me a little extra holiday spending money. If so, where have you placed your bets (other than Vegas :D )? am: Saving for ret...
by Taylor Larimore
Sat Jul 07, 2018 11:49 am
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 331
Views: 59619

Re: South Florida Local Chapter

Hi all, I just finished reading the Bogleheads' Guide to The Three Fund Portfolio and I want to know where is the best place to write a review. The book clarified and explained so much for me! I can't wait to give it 5 stars somewhere! LFB: I am very pleased that you liked the book. You might try p...
by Taylor Larimore
Sat Jul 07, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6556

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

Praising him for only doing age = bond % when he was 71 is a bit weird to me. David: It is important to understand that Mr. Bogle is not like you and me. He could have any stock/bond allocation he wanted and it would make little difference to his family security. It is usually a mistake to copy som...
by Taylor Larimore
Fri Jul 06, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: sell vti buy vnqi [sell Vanguard Total Stock, buy Global ex-U.S. Real Estate]
Replies: 6
Views: 493

Re: sell vti buy vnqi

jessikaur:

In my opinion, it is very important that you rebalance to your desired asset-allocation plan.

Consider dropping REIT for simplicity inasmuch as REITs are already in your Total STock Market ETF funds.

Read my "Simplicity" link below.

Best wishes.
Taylor
by Taylor Larimore
Fri Jul 06, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 3693

Re: 10 years to lose wealth applicable to bogleheads ?

davidsorensen32
Bogleheads, what do you think ? Does the above apply to you ?
Not even close.

Best wishes.
Taylor
by Taylor Larimore
Fri Jul 06, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 83
Views: 4942

Re: Morningstar: What to Consider When Picking Multifactor ETFs

Bogleheads:

To really understand "Factor" investing, read this:

FACTS AND FANTASIES ABOUT FACTOR INVESTING

Best wishes.
Taylor
by Taylor Larimore
Fri Jul 06, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you reach your target
Replies: 42
Views: 2993

Re: Asset Allocation once you reach your target

Taylor Larimore wrote: Tue Jul 03, 2018 5:46 pm "I fit the profile in your question. This is what I do and it has worked well: 1. I put the money necessary to "live well for the rest of your life" into Vanguard Total Bond Market Index Fund whose worst annual loss is -2.66%. 2. I put the rest into V...
by Taylor Larimore
Thu Jul 05, 2018 12:55 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1368448

Re: The Three-Fund Portfolio

I was disappointed it did not have a comprehensive historic return grid for a Vanguard 3 fund portfolio at 10%, 20%, & 30% stock/bond split for Vanguard shares. SWBoarder: I do not like using past returns because past performance does not forecast future performance. Nevertheless, you can see past ...
by Taylor Larimore
Wed Jul 04, 2018 11:06 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article [Bogleheads' Guide to the Three-Fund Portfolio]
Replies: 24
Views: 1653

Re: Morningstar article [Bogleheads' Guide to the Three-Fund Portfolio]

Good info. From the review it sounds like anyone already reading this forum would have little to no benefit from the book.
wootwoot:

Factor investors may find it helpful. :happy

Best wishes.
Taylor
by Taylor Larimore
Wed Jul 04, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6556

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

I do wish that Taylor Larimore would watch this video, he didn't seem to believe me when I referenced this video. nedsaid: I have watched this video and I most certainly do believe you. I have also read both editions of Common Sense on Mutual Funds in which Mr. Bogle writes ( bold is his): Stay the...
by Taylor Larimore
Wed Jul 04, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article [Bogleheads' Guide to the Three-Fund Portfolio]
Replies: 24
Views: 1653

"Wall Street Physician reviews The Bogleheads' Guide to the Three-Fund Portfolio"

Bogleheads: One of my favorite websites is The Wall Street Physician . This is a link to the latest article: A REVIEW OF THE BOGLEHEADS GUIDE TO THE THREE-FUND PORTFOLIO The Conclusion : This book is perfect for the busy professional or novice investor who wants to get started with do-it-yourself in...
by Taylor Larimore
Wed Jul 04, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 83
Views: 4942

Re: Morningstar: What to Consider When Picking Multifactor ETFs

All of these factor funds are more tax efficient than Vanguard's S&P 500 fund[1][2] iShares Edge MSCI Multifactor USA Small-Cap ETF iShares Edge MSCI USA Momentum Factor ETF Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF iShares Edge MSCI Multifactor USA ETF AlohaJoe: I attempted to look-up eac...
by Taylor Larimore
Wed Jul 04, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 83
Views: 4942

Re: Morningstar: What to Consider When Picking Multifactor ETFs

Those were all ETFs, so no advisor fees would be necessary.
jhfenton:

Are you saying that anyone can purchase DFA ETFs without an advisor?

Taylor
by Taylor Larimore
Wed Jul 04, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: 28 w/heavy small cap tilt?
Replies: 41
Views: 2945

Re: 28 w/heavy small cap tilt?

How sure are you the small-firm effect will continue? Before you make a decision to do a "very small cap tilt" I would suggest reading: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel . I will save you "reading" time. This is what Professor Mal...
by Taylor Larimore
Wed Jul 04, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: What to Consider When Picking Multifactor ETFs
Replies: 83
Views: 4942

Advisor fees included ?

nisiprius:

In your chart showing the Total Market Index Fund outperforming the average of four multi-factor funds, did you include the advisor's fee necessary for the multi-factor funds?

Thank you and best wishes.
Taylor